Uh-Oh - The Hipster Invasion - Page 4 - PhillyBlog

eldondre · #31 (**permalink**) 08-16-2004, 09:17 PM

this isn't just a gentrification problem but a housing bubble. people in the burbs asking $425k for dinky little 2BR's built in the late 1960's and not touched since.

Anonymous · #32 (**permalink**) 08-16-2004, 11:54 PM

Quote:

Originally Posted by niel

Prices are now breaking $600K indeed. There's one in the 2300 block of Perot in Fairmount for that much - new construction.

The one gap27 mentions, in all fairness, sounds like one of those huge, beautiful houses in Powelton, and they are pretty spectacular, at least from what can be seen on the outside. Still, it is awfully close to Mantua.

The curator of the UMuseum's Medit. Section owns one of the minimanions in Powelton - it's even more fabulous on the inside than outside. He's retiring to a family home outside Boston and he wishes that he could swap houses. It's not easy finding original Victorian houses and Philadelphia has a good share of them for whatever reason.

Perhaps Drexel or one of the Greek organizations are buying?

Anonymous · #33 (**permalink**) 08-16-2004, 11:57 PM

Quote:

Originally Posted by odragon

Quote:

Originally Posted by archaeologist

You can interpret it whatever way you want, but my realtor recently paid $900k for a huge house at 41st/Pine that needs $50-100k of work. He along with his sister will have to sell their houses to pay for this new one. They grew up in the area and it was their childhood dream to live there. So it's not just speculators buying up these expensive houses.

Hard for me to see that there was $180K in taxes... The BRT says they only paid $720k for it, not $900. Relatively speaking, that's a big difference.

-Ben

I posted that what, like in mid-June? I only knew the going price as I didn't think it polite to go up to him and talk numbers. Whatever the case, he paid a load of money for that house and he's as happy as clam.

odragon · #34 (**permalink**) 08-17-2004, 09:09 AM

Quote:

Originally Posted by archaeologist

I posted that what, like in mid-June? I only knew the going price as I didn't think it polite to go up to him and talk numbers. Whatever the case, he paid a load of money for that house and he's as happy as clam.

Oh, I had called about it and they told me the going price was $750k... That's why I was a little confused when you said $900k.

chrissayer · #35 (**permalink**) 08-17-2004, 09:48 AM

Arch -

Welcome back. Hope you had a good time and a successful dig.

chrissayer · #36 (**permalink**) 08-17-2004, 11:02 AM

Wow. Strange.

SurfDog · #37 (**permalink**) 10-12-2004, 11:54 AM

I know people who currently live in the catchment, but are renters. Now that they are ready to buy they are moving closer to 50th, because that's what they can afford.

A rising tide lifts all boats.

seand · #38 (**permalink**) 10-12-2004, 03:27 PM

Personally, I don't know a single person who has bought a house east of 48th (not including West Powelton) in the last two years whereas as I know all sorts of young creative, "alternative" folks buying between 48th and 52nd along Baltimore. If hipsters are artists, musicians, activists and the creatively self-employed - we/they/whatever aren't the one's driving up the prices. We/they have been around the neighborhood pretty much from the bad old days of the Reagan years. People who can pay $500-600K for ahouse are pretty by defintion not "hipsters"- Ithink this thread is mis-labeled.

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